CoreCivic Inc (CXW)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 1,630,220 | 1,585,330 | 1,580,730 | 1,569,660 | 1,704,330 |
| Revenue | US$ in thousands | 1,896,640 | 1,845,330 | 1,862,620 | 1,905,480 | 1,980,690 |
| Gross profit margin | 85.95% | 85.91% | 84.87% | 82.38% | 86.05% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $1,630,220K ÷ $1,896,640K
= 85.95%
CoreCivic Inc has consistently maintained a gross profit margin of 100% over the past five years, from 2019 to 2023. A gross profit margin of 100% indicates that the company is able to generate revenue that fully covers the cost of goods sold, resulting in no gross profit loss. This level of gross profit margin suggests that CoreCivic Inc has effective cost management strategies in place, allowing the company to maximize its profitability by efficiently controlling production and operating costs. Overall, the stable gross profit margin of 100% demonstrates the company's ability to maintain a healthy financial position and operational efficiency over the years.
Peer comparison
Dec 31, 2023